

BlackRock has hit a record $13.46trn in AuM as a rally in global markets lifted fee income.
The latest AuM value was up from $11.48trn a year earlier. Long-term net inflows totalled about $171bn, led by continued strength in its ETF business, which remains the firm’s key driver of organic growth.
The world's largest asset manager reported adjusted earnings of $1.91bn, or $11.55 per share, for the three months to 30 September, up from $1.72bn, or $11.46 per share, a year earlier.
Total revenue - most of which is earned as a percentage of assets under management - rose to $6.5bn from $5.2bn a year ago, driven mainly by the market rally and an 8% growth in organic base fee.